First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Down 66.7% in February

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 1,133 shares, a decrease of 66.7% from the January 29th total of 3,403 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 5,406 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 5,406 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new position in First Trust Expanded Technology ETF in the 3rd quarter valued at about $38,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Expanded Technology ETF during the third quarter worth about $45,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Expanded Technology ETF in the second quarter valued at approximately $71,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Expanded Technology ETF during the fourth quarter valued at approximately $103,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of First Trust Expanded Technology ETF during the second quarter valued at approximately $117,000.

First Trust Expanded Technology ETF Price Performance

Shares of XPND stock traded down $0.03 during trading hours on Friday, reaching $34.38. 4,166 shares of the company’s stock were exchanged, compared to its average volume of 5,573. The company’s 50 day moving average is $35.40 and its two-hundred day moving average is $35.77. The company has a market cap of $51.57 million, a P/E ratio of 32.72 and a beta of 1.25. First Trust Expanded Technology ETF has a 1 year low of $24.15 and a 1 year high of $38.47.

First Trust Expanded Technology ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0127 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th.

About First Trust Expanded Technology ETF

The First Trust Expanded Technology ETF (XPND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in US stocks whose businesses are derived from or dependent on technology. XPND was launched on Jun 14, 2021 and is managed by First Trust.